Wellington, Aug 25 NZPA - The Labour Party is calling for "bold action" to improve New Zealand's savings rate and says setting up a working group to investigate options won't deliver answers.

By Kate Chapman of NZPA Wellington, Aug 24 NZPA - The savings working group faces what appears to be an insurmountable challenge -- finding a way to convince cash-strapped New Zealanders to put more of their hard earned money into a bank account.

Wellington, Aug 23 NZPA - The New Zealand Superannuation Fund recorded a gain in July after two months of negative returns, as equities markets improved.

Wellington, Aug 17 NZPA - The business sector appears to be gradually warming to the prospect of being involved in compulsory retirement savings schemes.

Wellington, Aug 13 NZPA - Greenstone Energy, which took over the Shell retail and distribution business in April, confirmed a $100 million bond issue to repay bank debt.

Wellington, Aug 11 NZPA - Infrastructure investor Infratil says its operating performance in the first four months of the 2011 financial year have improved confidence levels around full year operating earnings (ebitdaf) guidance of $390 million to $430m.

Wellington, July 27 NZPA - The New Zealand Superannuation Fund posted its second monthly negative return in a row in June due to declines in equity markets, but still managed double-digit growth for the year to date.

Wellington, July 13 NZPA - Greenstone Energy, which took over the ownership of the Shell retail and distribution business in April, is considering a $100 million retail bond issue to repay bank debt.

Wellington, June 17 NZPA - The New Zealand Superannuation Fund made a negative returning in May but its year-to-date return is 17.26 percent. The absolute return after fees but before tax was negative 4.82 percent in May. It was the first monthly negative return since January.

Wellington, May 28 NZPA - Selling Kiwibank to the New Zealand Superannuation Fund would not protect it from ending up in foreign hands, Green Party co-leader Russel Norman says.